Romania: Market for Nets of Twine, Cordage, Rope or Textile Materials 2022

Market Size for Nets of Twine, Cordage, Rope or Textile Materials in Romania

For the third year in a row, the Romanian market for nets of twine, cordage, rope or textile materials recorded growth in sales value, which increased by X% to $X in 2021. Overall, consumption saw a buoyant expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Production of Nets of Twine, Cordage, Rope or Textile Materials in Romania

In value terms, twine, cordage or textile net production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Twine, cordage or textile net production peaked at $X in 2020, and then declined rapidly in the following year.

Exports of Nets of Twine, Cordage, Rope or Textile Materials

Exports from Romania

In 2021, the amount of nets of twine, cordage, rope or textile materials exported from Romania declined notably to X tons, which is down by -X% against 2020 figures. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2016 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, twine, cordage or textile net exports contracted significantly to $X in 2021. Overall, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2015 when exports increased by X%. As a result, the exports reached the peak of $X. From 2016 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for twine, cordage or textile net exports from Romania, accounting for a X% share of total exports. Moreover, twine, cordage or textile net exports to France exceeded the volume sent to the second major destination, Hungary (X tons), fourfold. Bosnia and Herzegovina (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+X% per year) and Bosnia and Herzegovina (+X% per year).

In value terms, France ($X) remains the key foreign market for twine, cordage or textile net exports from Romania, comprising X% of total exports. The second position in the ranking was taken by Bosnia and Herzegovina ($X), with a X% share of total exports. It was followed by Moldova, with an X% share.

From 2012 to 2021, the average annual rate of growth in terms of value to France totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (+X% per year) and Moldova (+X% per year).

Export Prices by Country

The average export price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the export price enjoyed measured growth. The most prominent rate of growth was recorded in 2013 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Bosnia and Herzegovina ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Nets of Twine, Cordage, Rope or Textile Materials

Imports into Romania

For the third consecutive year, Romania recorded growth in overseas purchases of nets of twine, cordage, rope or textile materials, which increased by X% to X tons in 2021. Overall, imports recorded a significant increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

In value terms, twine, cordage or textile net imports skyrocketed to $X in 2021. Over the period under review, imports recorded a buoyant expansion. The pace of growth appeared the most rapid in 2017 with an increase of X%. Over the period under review, imports attained the peak figure in 2021 and are likely to continue growth in years to come.

Imports by Country

In 2021, China (X tons) constituted the largest supplier of twine, cordage or textile net to Romania, with a X% share of total imports. Moreover, twine, cordage or textile net imports from China exceeded the figures recorded by the second-largest supplier, Turkey (X tons), fourfold. Germany (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Germany (+X% per year).

In value terms, China ($X) constituted the largest supplier of twine, cordage or textile net to Romania, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports. It was followed by Germany, with a X% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+X% per year) and Germany (+X% per year).

Import Prices by Country

The average import price for nets of twine, cordage, rope or textile materials stood at $X per ton in 2021, standing approx. at the previous year. Over the period under review, the import price, however, recorded a abrupt slump. The growth pace was the most rapid in 2018 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Italy ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ukraine (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform